Property Name

T-Mobile & Corner Bakery

GLA 5,555 SF

Percent Leased 100% Leased

Property Description

T-Mobile & Corner Bakery is a 5,555 square foot drive-thru retail asset shadow anchored to Super Target in Hurst, Texas.  Positioned just off the signalized intersection of Highway 183 and Precinct Line Road, the Property is just 15 minutes west of DFW International Airport, 15 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas.  Built in 2017, T-Mobile & Corner Bakery features parallel positioning to the road, masonry construction, a highly visible two-sided monument sign fronting Precinct Line Road and a drive-thru end cap for Corner Bakery.  The building’s roof carries a 20-year transferrable warranty running through April 2038.  New 10-year leases were signed by T-Mobile corporate and Corner Bakery corporate through November 2027 and February 2028, respectively.  Both tenants signed corporate leases and experience built-in 10% rent escalations which take effect in 2022 and 2023.  T-Mobile US Incorporated is one of the largest wireless carriers in the country with more than 7,500 retail stores and approximately 100,300,000 subscribers.